Simplify High Yield PLUS Credit Hedge ETF (CDX) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CDX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CDX
CDX charges 0.26% annually. There are 17 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab High Yield Bond ETF | 0.03% | 2.54B | Jul 2023 | CDX vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.05% | 11.07B | Jun 2012 | CDX vs SPHY | |
| Xtrackers USD High Yield Corporate Bond ETF | 0.15% | 3.48B | Dec 2016 | CDX vs HYLB | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | 0.15% | 608.96M | Sep 2016 | CDX vs BBHY | |
| iShares Broad USD High Yield Corporate Bond ETF | 0.15% | 26.83B | Oct 2017 | CDX vs USHY |
Best Risk-Adjusted Alternatives to CDX
CDX has a PortfoliosLab risk / return rank of 5. There are 93 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds 2025 Term High Yield & Income ETF | 97 | 364.90M | May 2019 | CDX vs IBHE | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 95 | 1.03B | Aug 2018 | CDX vs BSJQ | |
| BondBloxx US High Yield Energy Sector ETF | 94 | 5.96M | Feb 2022 | CDX vs XHYE | |
| Pacific Global Senior Loan ETF | 85 | 615.17M | Feb 2015 | CDX vs FLRT | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | 85 | 8.41M | Nov 2024 | CDX vs LDRH |
Top Performing CDX Alternatives (YTD)
CDX is at -2.44% YTD. There are 101 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 14.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 14.37% | — | Aug 2025 | CDX vs DADS | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 3.92% | 510.68M | May 2012 | CDX vs HYEM | |
| BondBloxx US High Yield Energy Sector ETF | 3.57% | 5.96M | Feb 2022 | CDX vs XHYE | |
| Fidelity Sustainable High Yield ETF | 3.35% | 112.95M | Feb 2022 | CDX vs FSYD | |
| ProShares High Yield-Interest Rate Hedged | 2.90% | 173.54M | May 2013 | CDX vs HYHG |
Lowest Volatility Alternatives to CDX
CDX has 5.69% 1-year volatility. There are 108 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2024 High Yield Corporate Bon... | 0.00% | 437.22M | Sep 2016 | CDX vs BSJO | |
| Xtrackers J.P. Morgan ESG USD High Yield Corporate... | 0.00% | 6.49M | Mar 2015 | CDX vs ESHY | |
| iShares Euro High Yield Corporate Bond USD Hedged ... | 0.00% | 71.08M | Apr 2012 | CDX vs HYXU | |
| iShares iBonds 2024 Term High Yield & Income ETF | 0.00% | 310.08M | May 2019 | CDX vs IBHD | |
| iShares iBonds 2025 Term High Yield & Income ETF | 0.78% | 364.90M | May 2019 | CDX vs IBHE |
Lowest Drawdown Alternatives to CDX
CDX has a 1-year max drawdown of -4.18%. There are 90 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds 2025 Term High Yield & Income ETF | -0.22% | 364.90M | May 2019 | CDX vs IBHE | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.54% | 1.03B | Aug 2018 | CDX vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 437.71M | Jul 2021 | CDX vs IBHG | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 849.28M | Sep 2019 | CDX vs BSJR | |
| BondBloxx US High Yield Energy Sector ETF | -1.21% | 5.96M | Feb 2022 | CDX vs XHYE |
Other ETFs from Simplify
The 10 most viewed Simplify ETFs shown here include SVOL, CTA, HEQT and span 12 categories. AUM among these funds goes as high as $2B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Simplify Volatility Premium ETF | Volatility | 18 | -0.40% | 563.43M | May 2021 | CDX vs SVOL | |
| Simplify Managed Futures Strategy ETF | Systematic Trend | 24 | 12.30% | 1.55B | Mar 2022 | CDX vs CTA | |
| Simplify Hedged Equity ETF | Options Trading | 70 | 4.95% | 323.34M | Nov 2021 | CDX vs HEQT | |
| Simplify Bitcoin Strategy PLUS Income ETF | Cryptocurrency | 1 | -33.46% | 29.47M | Sep 2022 | CDX vs MAXI | |
| Simplify Interest Rate Hedge ETF | Hedge Fund | 4 | -2.55% | 231.13M | May 2021 | CDX vs PFIX | |
| Simplify Treasury Option Income ETF | Government Bonds, Ultrashort Bond, Derivative Income | 87 | 1.90% | 438.06M | Oct 2022 | CDX vs BUCK | |
| Simplify Enhanced Income ETF | Derivative Income, Dividend | 5 | -0.38% | 75.42M | Oct 2022 | CDX vs HIGH | |
| Simplify Aggregate Bond ETF | Intermediate Core Bond | 44 | 0.48% | 493.82M | Feb 2022 | CDX vs AGGH | |
| Simplify MBS ETF | Mortgage Backed Securities | 45 | -0.23% | 1.57B | Nov 2023 | CDX vs MTBA | |
| Simplify Commodities Strategy No K-1 ETF | Commodities | 29 | 14.81% | 114.49M | Mar 2023 | CDX vs HARD |
Often Compared With CDX
Investors most often compare CDX with SGOV, CRDT, JBND. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare CDX with Any Fund or Stock
Compare CDX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CDX with funds that move differently
Simplify High Yield PLUS Credit Hedge ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CDX.
Explore CDX Diversifiers